BMI View: With shale gas exploration now unlikely until beyond 2014 thanks to government and publicconcerns, the Czech Republic is going to remain highly dependent on imported fuel, as conventionalhydrocarbons potential is limited. Demand trends are not particularly strong, but refinery disruptions showthat the domestic fuels market is in a precarious state of balance. This, in turn, has prompted thegovernment to investigate ownership options for the national refining segment.The main trends and developments we highlight for the Czech Republic''s oil and gas sector are:? Plans to freeze shale gas exploration for two years to allow the government to draft and implement...
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